OpenAI said quarter-on-quarter sales growth slowed to 18% while its losses deepened, a development that unnerved investors as the company prepares for what is expected to be one of the largest initial public offerings. The company did not specify the exact quarter in its statement.
Rival posts fast-rising revenue
Meanwhile, Anthropic’s annualized revenue topped $65 billion — more than seven times its level at the end of last year and over 50% higher than OpenAI’s — Bloomberg reported.
Competitive and pricing pressures
The figures underscore diverging fortunes between the two U.S. labs as they ready themselves to go public. Both firms are increasingly engaged in a price war with Chinese competitors, some of which provide only marginally less advanced models but at a significant discount. An expert told the Financial Times: “The US labs have cut the middle and are defending the top.”
Why this matters
Slowing revenue growth combined with widening losses can be worrying ahead of a major IPO because public investors typically seek evidence of rapid growth and financial sustainability. At the same time, Anthropic’s sharply higher annualized revenue and the intensifying price competition illustrate how differences within the sector and market dynamics could heavily influence valuations once these companies list.
Author: Jeronimo Gonzalez
